1194 Palmer Rd, Mill Spring, NC, 28756
About This Home
Perfectly set on nearly 350 acres of prime mountain land, Watermill Farm represents a rare opportunity to acquire a special large tract in the foothills of the Blue Ridge, just minutes from the neighboring Bright's Creek community and golf course. The namesake historical water wheel welcomes you into this exceptional property that features two 2-bedroom, 2-bath homes, buried power infrastructure, multiple pocket pastures, springs and creeks, abundant wildlife, and an existing network of well-maintained roads providing easy access throughout from the paved public road. The land offers a remarkable combination of privacy, usability, and development potential. Multiple broad knobs and ridge tops provide outstanding homesite opportunities, where selective clearing will reveal breathtaking long-range mountain vistas. Re-open extensive (but partially overgrown) pocket pastures to create an extraordinary equestrian property. Potential views of the Blue Ridge Escarpment are truly spectacular and could rival some of the finest in the region. The choice location is a short drove from the Green River, Lake Adger, Hendersonille, Tryon Int'l Equestrian Center, and more. Whether envisioned as a private mountain estate, family compound, recreational retreat, equestrian property, land investment, or future development opportunity, this unique offering combines natural beauty, existing infrastructure, and exceptional accessibility in one of Western North Carolina’s most desirable locations.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1998
Materials
- Roof: Metal
- Construction materials: Hardboard Siding,Wood
Type & Style
- Home type: SingleFamily
- Architectural style: Cabin
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Other,None
- Laundry features: Other
Basement
- Has basement: Yes
- Basement: Other
Bathroom Full
- Level: Main
Bathroom Full
- Level: Main
Bedroom S
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Features
- Fireplace features: Living Room,Wood Burning Stove
- Finished area below ground: 0
- Finished area above ground: 1,036
Heating & Cooling
- Heating features: Heat Pump
- Cooling features: Heat Pump
Interior Area
- Total structure area: 1,036
- Total interior livable area: 1,036 sqft
Kitchen
- Level: Main
Living Room
- Level: Main
Primary Bedroom
- Level: Main
Property
Details
- Parcel number: P2919
- Zoning: OPEN
- Special condition: Standard
- Exclusions: Appliances and HVAC in house,these belong to the caretaker
- Horse amenities: Pasture
Features
- Levels: One
- Stories: 1
- On waterfront: Yes
- Waterfront features: None,Creek,Creek/Stream,Waterfront
- Waterbody name: Creek
Lot
- Lot size: 349.24 Acres
- Features: Cleared,Flood Fringe Area,Green Area,Pasture,Private,Rolling Slope,Steep Slope,Wooded,Views,Waterfall,Wetlands
Parking
- Parking features: Circular Driveway,Driveway,Parking Space(s)
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
- Landslide
- Lightning
- Strong Wind
- Cold Wave
- Inland Flooding
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Polk County and North Carolina
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $27,810 | $333,720 |
| Home Insurance * | $2,007 | $24,084 |
| Property Taxes | $2,287 | $27,444 |
| Electricity | $200 | $2,405 |
| Total | $32,304 | $387,648 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-22 | Listed for sale | $5,500,000 |
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